Nvidia"s share price has recently dropped below a key ascending channel, suggesting a potential decrease in momentum. Traders are closely monitoring support levels at $146.78, with further declines possibly testing the 50-day moving average around $120. Strong earnings results could lead to a rebound above the channel, targeting $150.

Gold has experienced an 8% pullback over the past two weeks, its largest decline since 2023, driven by a stronger US dollar and profit-taking. However, renewed geopolitical tensions in Russia and Ukraine have sparked interest in gold as a safe haven. A critical level to watch is around $2600; if gold holds above this, it may signal the end of the pullback and the start of a new rally, potentially pushing prices to $2657. Conversely, easing tensions could keep gold in a descending channel, with support around the 200-day moving average at $2500.

The Japanese yen has weakened significantly, with the USD/JPY exchange rate nearing levels not seen since April and May, raising concerns about potential intervention by the Bank of Japan. The yen has depreciated by 11% since late September, influenced by recent US and Japanese elections. The yen remains in an ascending channel, with potential to reach the 157-158 level, which could prompt intervention. A fall below 153 may signal a reversal and strengthen the yen.